Depositary - Senior Associate

Apex group; Limerick; On-site; EUR 45,000 - 65,000; Full time

Job summary

Apex Group is seeking a Depositary Senior Associate to join their Limerick team. The role involves cash flow monitoring, investment checks, and adhering to depositary procedures. Candidates should have 1-2 years of relevant experience, a degree, and strong analytical skills.

Benefits

Education support

In-house training programs

Qualifications

• 1-2 years experience in depositary or fund accounting roles.
• Fluent English essential.
• Strong attention to detail.

Responsibilities

• Perform daily cash flow monitoring and reconciliation.
• Conduct investment and borrowing monitoring checks.
• Compile KPI and revenue reports for management.

Skills

Analytical skills

Problem solving

Communication

Organizational skills

Education

Degree level education

Job description

Depositary - Senior Associate page is loaded

Depositary - Senior Associate

Apply locations Limerick Dublin time type Full time posted on Posted 30+ Days Ago job requisition id JR-0010188

European Depositary Bank SA ("EDB") is part of the Apex Group. As an independent provider free from institutional influences we can deliver an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment.

Our powerful global infrastructure and breadth of technical experience enables us to provide market leading solutions tailored to benefit our clients.

Our vision is to be the leading provider of Banking, Depositary and Custody services to Asset Managers, Family Offices, Institutional Investors and Corporates.

Our company was founded in 1973 in Luxembourg. As a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, we made it possible for institutional investors to directly access the Luxembourg financial market. This makes us one of the most experienced depositaries for traditional and alternative investment structures in the Grand Duchy. In 2017 the bank was acquired by the Apex Group and renamed to the European Depositary Bank (EDB) in 2019.

We currently hold fund and securitisation structures with a total value of $260 billion. This is mainly allocated to alternative investments, including real estate, private equity, private debt and renewable energies & infrastructure (as of March 31, 2024).

For the avoidance of doubt we do not deal with retail clients. We neither offer any securities (bonds, shares, notes etc.) nor do we act on behalf of any other financial institution to offer such securities to any clients.

Depositary Senior Associate

Department: Depositary – European Depositary Bank Dublin Branch

Tasks

You will primarily be responsible for completing first level checks and reviews required for ‘Cashflow Monitoring’, ‘Investment and Borrowing Restriction Monitoring’ ‘Safekeeping of Assets’ and certain ‘NAV Oversight’ duties as required in accordance with depositary procedures.

Key Responsibilities:

• Perform the daily Cash flow monitoring and reconciliation process and ensure completeness of the controls on a daily basis to include:
• Reconciliation of subscriptions and redemptions
• Identifying and recording new cash accounts
• Identifying and reconciling all cash flow movements
• Highlighting any significant or inconsistent cash flows
• Conduct Investment and Borrowing monitoring checks for assigned funds
• Ensure that any breaches and NAV errors identified are immediately reported to Depositary Management and logged
• Conduct certain NAV Oversight reviews as assigned, to include:
• Cash and Stock Reconciliations
• Distribution Reviews
• TA Reconciliations
• Failed Trades Checks
• NAV Reviews
• Compile and update KPI and revenue reporting for submission to Management
• Ensure adherence to all policies & procedures and local laws and regulations
• Assist in Client relationship management for trustee / depositary clients;

Position Requirements

• Preferably 1-2 years work experience in a depositary/fund accounting/Investment Manager role or similar experience
• Excellent oral and written communication skills
• Strong organisational and multi-tasking skills
• Strong analytical and problem solving skills
• Strong knowledge of quality control techniques/procedures
• Strong understanding of product range and operational processes
• Ability to work under pressure and to fixed deadlines
• A strong attention to detail
• Educated to degree level (or overseas equivalent)
• Fluent English essential

As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs.

Disclaimer : Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.

Our Story

About Apex Group

We are dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset serving industry through our investment in innovation and talent. Today, we set the pace in asset servicing and stand out for our unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.

We’re a people-powered business, and our people are full of ambition. Together, we’re inspired to lead the new era of data and tech enabled service. Bringing new products and services to market. Sharpening our client focus. Disrupting the market to exceed expectations. Innovating across a range of specialisms. With our focus on making a difference to our people, our planet and our society, you’ll experience more here than you would at most other companies.

Working at Apex

Prepare to accelerate.

We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster.

Positive change starts with you.

We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster.

The journey is yours to own.

When you stretch yourself, you grow. We want you to explore ways of working that will see you thrive as part of something bigger. We’ll help you with a solid structure, challenging projects, vibrant networks, supportive colleagues and approachable leaders. All the things you need to own your unique journey.